TCW Group Inc. Buys Shares of 13,289 Realty Income Co. (NYSE:O)

TCW Group Inc. purchased a new position in shares of Realty Income Co. (NYSE:OFree Report) in the fourth quarter, HoldingsChannel reports. The fund purchased 13,289 shares of the real estate investment trust’s stock, valued at approximately $776,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. WealthPlan Investment Management LLC raised its holdings in Realty Income by 4,294.8% during the third quarter. WealthPlan Investment Management LLC now owns 142,700 shares of the real estate investment trust’s stock worth $7,126,000 after acquiring an additional 139,453 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Realty Income by 9.5% during the 3rd quarter. Corient Private Wealth LLC now owns 186,611 shares of the real estate investment trust’s stock worth $9,328,000 after purchasing an additional 16,168 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Realty Income during the 3rd quarter worth approximately $434,000. Ieq Capital LLC boosted its holdings in shares of Realty Income by 26.4% in the 3rd quarter. Ieq Capital LLC now owns 8,653 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 1,806 shares during the last quarter. Finally, HBK Sorce Advisory LLC grew its stake in shares of Realty Income by 104.7% in the third quarter. HBK Sorce Advisory LLC now owns 10,609 shares of the real estate investment trust’s stock valued at $530,000 after buying an additional 5,427 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

NYSE O traded down $0.13 on Friday, reaching $52.18. The stock had a trading volume of 4,660,522 shares, compared to its average volume of 5,748,535. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market cap of $45.44 billion, a P/E ratio of 48.31, a price-to-earnings-growth ratio of 4.56 and a beta of 0.92. The firm has a fifty day moving average of $53.48 and a two-hundred day moving average of $54.18. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18.

Realty Income (NYSE:OGet Free Report) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the company posted $0.98 earnings per share. The company’s revenue was up 33.5% on a year-over-year basis. On average, equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a jun 24 dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be given a dividend of $0.2625 per share. This is a positive change from Realty Income’s previous jun 24 dividend of $0.26. The ex-dividend date of this dividend is Monday, June 3rd. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is currently 285.19%.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus cut their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. BMO Capital Markets initiated coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective on the stock. Finally, Mizuho raised their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus price target of $61.38.

Read Our Latest Stock Report on Realty Income

Realty Income Profile

(Free Report)

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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